Online Course Library Skillshare Raises $66 Million in Series D Round

Financing

Online Course Library Skillshare Raises $66 Million in Series D Round

Aug 10, 2020

Skillshare, a provider of an online library for video courses, has raised $66 million in a Series D round led by OMERS Growth Equity. Other investors include existing backers Union Square Ventures, Amasia, Burda Principal Investments and Spero Ventures. To date, the New York City-based company has raised $106 million.

Founded in 2010, Skillshare offers more than 30,000 courses, covering a range of subjects from technology, art-and-crafts hobbies, business and design. The company charges a subscription fee of $99 per year or $19 a month, and claims it has more than 8,000 teachers and over 12 million registered users on the platform.

This deal comes as other consumer-oriented education businesses have also attracted investors. Among them is Udemy, which raised $50 million at a $2 billion valuation in February (and is reportedly seeking more capital). There’s also MasterClass, which raised $100 million in May.

The funding will support Skillshare’s efforts to create localized content for international users, and expand the tools available for teachers to build courses on the platform, according to a statement Monday. It will also help Skillshare expand its enterprise offering that sells subscriptions to businesses.

As a result of the deal, Saar Pikar, managing director at OMERS Growth Equity, will join Skillshare’s board of directors.

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